IO Biotech draws €12.5M Tranche B from EIB, issues warrant for 4.22M shares at $1.3159

IO Biotech, Inc.

Satisfied conditions to draw €12.5M second tranche (Tranche B) from EIB loan facility of up to €57.5M.
Issued Tranche B warrant to purchase up to 4,221,867 shares of common stock at strike price $1.3159 per share.
Drawdown is expected on or around July 4, 2025.
Warrant terms mirror those disclosed in the December 20, 2024 8-K filing.

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